Islamic Financial Services

A major international centre for Islamic finance, Dubai has more sukuk (Islamic bonds) listings by value than anywhere else in the world. The emirate is also home to Dubai Islamic Bank, the oldest – and third largest – fully fledged Islamic bank. The sector continues to develop rapidly, with local sharia-compliant banks registering faster growth than their conventional counterparts, although expansion could lose momentum in 2018. Efforts are under way to position Dubai as a centre for the halal economy generally and as a leader in the Islamic digital economy.

This chapter contains an interview with Adnan Chilwan, Group CEO, Dubai Islamic Bank.